Canada Gives CAD 1.5 Mln to 500kW Tidal Energy Project

John Weston, Member of Parliament for West Vancouver–Sunshine Coast–Sea to Sky Country, on behalf of the Honourable Greg Rickford, Canada’s Minister of Natural Resources and Minister for the Federal Economic Development Initiative for Northern Ontario, has announced an investment of $1.5 million under the Government of Canada’s Clean Energy Fund.

The funding will support Water Wall Turbine Inc.’s Dent Island Tidal Power Generation development and demonstration project, which is designed to efficiently harvest tidal and river stream energy.

With the Government’s support, this project enables the development and demonstration of a 500-kilowatt tidal energy power plant off British Columbia’s coast. The project has the potential to establish a unique, cost-effective power generating technology for use around the world.

The Government of Canada’s Clean Energy Fund provides support for research, development and demonstration projects that produce and use energy in a cleaner and more efficient manner that will create jobs, generate economic opportunities and help protect the environment.

Since 2006, the Government of Canada has taken action to reduce greenhouse gas emissions and build a more sustainable environment by investing more than $10 billion in green infrastructure, energy efficiency, clean energy technologies and the production of cleaner energy and cleaner fuels.

The clean technology sector is an important economic driver for the Canadian economy, employing more than 52,000 Canadians in over 700 companies across all regions of the country — part of a global supply chain estimated to be worth $10.6 billion.

“Our government is positioning Canada as a global leader in the clean technology sector by supporting innovative projects aimed at producing and using energy in cleaner and more efficient ways. The research and development generated by projects such as Water Wall Turbine’s Tidal Power Generation project will also create jobs while benefiting the environment.” 

[mappress mapid=”14503″]

Press release; Image: WWTurbine

Related news

List of related news articles

Posted: about 1 year ago

MHI Vestas Extends Pre-Assembly Co-Op with Boston Energy

Boston Energy has secured work with MHI Vestas for the pre-assembly contracts to be delivered at the...

Categories:
  • Contracts & Tenders
Posted: about 1 year ago
  • video
Posted: about 1 year ago

Shell: This Is the Right Time for Investing in Wind Energy

With wind energy to make up for around a third of global electricity production by 2050, there is a ...

Categories:
Posted: about 1 year ago
Posted: about 1 year ago

Investors Showing Great Interest in Taiwanese OW Project

Funding for wpd’s Yunlin offshore wind project in Taiwan is close to completion and negotiations wit...

Categories:
  • Business & Finance
Posted: about 1 year ago